Biden's Debt Limit Decision Amidst Partisan Divide.
TL;DR Summary
President Biden faces tough decisions as the US approaches its $31.4 trillion debt limit and barrels towards default. Republicans passed a bill that pairs spending cuts and fossil fuel support with raising the nation's borrowing cap, forcing Biden to confront a series of potentially painful choices. Biden must decide how quickly to engage with Speaker Kevin McCarthy and on what terms, and find common ground on spending cuts with Republicans. He may need to decide how aggressively to intervene in the delicate politics of House leadership.
- Biden Faces His First Big Choice on Debt Limit The New York Times
- House passes McCarthy's debt ceiling bill by two votes, four Republicans vote against Fox News
- Americans are on the hook for this crazy amount of debt. Republicans want to return sanity to fiscal talks Fox News
- Kevin McCarthy got a debt ceiling win. He won't be able to savor it. MSNBC
- McCarthy Gets a Debt-Ceiling Win - WSJ The Wall Street Journal
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